Monday, Sep 20, 2021
Outlook.com
Outlook.com

Fintech startup Zaggle ties up with Visa for innovative payments solutions for SMEs

Fintech startup Zaggle ties up with Visa for innovative payments solutions for SMEs
outlookindia.com
1970-01-01T05:30:00+0530
Mumbai May 23 (PTI) Fintech startup Zaggle on Saturday said it has partnered with payments technology major Visa to launch innovative payment solutions for SMEs and startups. 

Under this partnership, both the companies will jointly create solutions for small and medium enterprises (SMEs) and startups to improve productivity, efficiency and automate processes and reduce costs along with focusing on easy and faster credit through a unique card which will have forex, prepaid along with credit, Zaggle said in a statement.

Zaggle will leverage Visa''s expertise in the payments space to co-create and build new solutions for SMEs and will also be able to acquire new customers and merchants and get the latter''s support for newer technological innovations and ideas.

"This partnership will help us expand our services and client base who need to improve automation and digitise spends to bring in more transparency. In addition to this, our collaboration focuses on improving the working capital management of SMEs who are in dire need of a payment instrument that will help them optimize and improve cash flows for all their business expenses,” Zaggle founder Raj N Phani said. 

The platform adds over 600 SMEs every month, he said adding that with special focus on SMEs in the country which have been hardest hit due to this pandemic, it will be benefitted with a credit line, digitised spend and ability to borrow more by being able to show more digital transactions.

"SMEs remain the backbone of our economy. Now more than ever before, it has become more important for SMEs to assess how to best digitise their businesses," Arvind Ronta, Visa Head – Products, India and South Asia, said. 

One such innovation is the ''Founders Card'', a credit card, which Zaggle is planning to launch founders and CEOs of SMEs and startups in the next 45-60 days.

Zaggle currently works with more than 3,000 large customers and will open this platform to a million SMEs and has recently announced free Zaggle SAVE Do-it-Yourself (DIY) AI Powered Expense Management Solution for SMEs along with other cutting-edge API Banking products. PTI SM MKJ


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

Delhi To Get Its First Wild Animal Rescue Park

Delhi To Get Its First Wild Animal Rescue Park

The wild animal rescue park has come up at Rajokri, where a monkey rescue centre was lying abandoned.

Islamic State Claims Responsibility For Attacks On Taliban

Islamic State Claims Responsibility For Attacks On Taliban

The claim, published late Sunday on the militant group's media arm, the Aamaq news agency, signals a growing threat to the Taliban by their long-time rivals.

15-Year-Old Boy Odisha Who Fell In Open Drain Found Dead After 20 Hours In Bhubaneswar

15-Year-Old Boy Odisha Who Fell In Open Drain Found Dead After 20 Hours In Bhubaneswar

A 15-year-old school student was swept away by surging waters after falling into an open stormwater drain in Bhubaneswar on Sunday. Despite massive search operations, his body was found 20 hours later.

More from Outlook Magazine

Crouching Tigers

Crouching Tigers

Ghee Bowman brings to light the forgotten story of an Indian force’s role in the Battle of France and their fighting withdrawal through Dunkirk. In this excerpt, individual units arrive in northern France and take their positions, awaiting the Wehrmacht onslaught.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook's annual ranking of India’s top 21 Private Medical Universities in 2021 will help students make an informed choice.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook's annual ranking of India’s top 15 Government Medical Universities in 2021 will help students make an informed choice.

Advertisement

Outlook Newsletters

Advertisement